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Latest News from IBI
News
IBI Summit 2026: Navigating M&A opportunities in a transforming boating industry
As global economic headwinds reshape the leisure marine landscape, industry leaders gather to explore consolidation strategies, growth opportunities, and the future of M&A in boating
News
More Yachts completes restructuring under new ownership
Davor Paić acquires Croatian yacht shipyard, with company citing improved financial stability following strategic changes
News
ExploMar opens first international electric boat experience centre in Bangkok
Chinese electric outboard manufacturer launches Thailand facility through dealer Thai Maritec, offering on-water trials and technical demonstrations
News
MasterCraft names new GM for Crest and Balise pontoon brands
Chip Gerlach takes on general manager role; Mike O’Connell transitions to senior VP of operational excellence
News
Teignbridge Propellers announces senior leadership transition
UK propulsion specialist appoints Mark Phare as group managing director in planned succession move
News
Marine Components International secures EMEA distribution deal for Seascour
Agreement brings environmentally certified marine descaler to markets across Europe, the Middle East and Africa
News
Nimbus Group receives first order for military workboats
The Swedish Armed Forces has ordered 60 MSMB 200 workboats valued at SEK 260m, with deliveries from January 2027
News
Brunswick veteran receives 2026 Lifetime Achievement Award
Dave Marlow honoured for 40-year career championing boating safety, regulatory alignment, and technical standards in the recreational marine sector
News
Norwegian hydrogen boat startup declares bankruptcy
Hyrex AS has collapsed after facing severe liquidity problems that left it unable to meet its financial obligations, according to court documents
News
Prestige names exclusive Australian dealer ahead of Sanctuary Cove debut
The move strengthens the French brand’s presence in the Asia-Pacific region
News
MSYF 2026 launches new think tank initiative to drive Mediterranean growth
The Mediterranean Superyacht Forum’s new approach generates multiple ideas, including the formation of a marine cluster spanning the entire Med region
News
Ocean Signal receives 2026 King’s Award for Enterprise
UK manufacturer recognised for breakthrough personal locator beacon combining global and local rescue technologies
News
Princess Yachts advances X90 towards Cannes debut
UK builder moves closer to the launch of its new X90 superyacht, with the first hull entering sea trials and strong early sales signalling market confidence
News
Metstrade urges industry-wide action for cleaner waterways and seas
The global leisure marine community is encouraged to take part in sustainability initiatives during this year’s World Boating Day campaign
News
Contender Boats founder wins Eddie Smith Manufacturer of the Year Award
Joe Neber was honoured for his leadership in boat building and marine conservation at the American Boating Congress in Washington, DC
News
Ferretti Group faces pivotal week as shareholders battle for board control
Competing nominations from Weichai and KKCG will be decided May 14, followed by a board meeting to review Q1 results
News
Bayesian probe points to crew error in sinking, not weather
Preliminary findings from Italian prosecutors indicate the yacht’s August 2024 capsizing off Sicily was caused by improper crew actions
News
Wider secures phased investment from OceanWorld Group
The funds will be used to support the Italian builder’s international expansion and product development
News
Highfield Boats Australia names exclusive NSW dealer
Partnership strengthens Australian network for aluminium-hull RIB specialist while expanding customer access to sales and aftersales support in a key state
News
NZ Marine appoints new executive director
Industry body names Callum Gillespie to guide next phase of growth
News
IBI Reader Survey 2026: Take part now to help shape the future of IBI
Your feedback in our five-minute reader survey will directly influence the content, insight and industry coverage we deliver
News
Cummins posts revenue and profit gains in strong first quarter
Record Power Systems segment performance helps drive Q1 revenues to $8.4bn of US engine builder
News
South African upholstery supplier reports growth via digital scanning
A new digital scanning service is enabling Jo Fensham Yacht Upholstery to serve increasingly mobile yacht clients, combining on-site data capture with remote design, manufacturing and global delivery
News
Orca AI, Samsung sign MoU to develop autonomous platform
Initially targeting commercial shipping, autonomous navigation platform could have future impact in recreational marine sector
News
Extra Yachts appoints new Turkish dealer
Italian builder expands its presence in the eastern Mediterranean with the appointment of Selen and Selim Özgörkey as official representatives in Turkey
News
Patrick, Lippert merger talks end without agreement
Proposed “merger of equals” between US engineered component manufacturers conclude with no decision to move ahead
News
Ferretti Group power struggle intensifies ahead of May 14 shareholders' vote
CEO Alberto Galassi presents strong views in Financial Times interview as battle between Weichai and KKCG continues
News
Beneteau reports strong Q1 growth amid Middle East conflict concerns
CEO Bruno Thivoyon warns that full-year targets depend on geopolitical stability returning by mid-2026 as order intake has slowed markedly since the conflict began
News
West Marine headed for Chapter 11?
Bloomberg report suggests US retailer exploring potential Chapter 11 bankruptcy filing to restructure debt, lease obligations
News
Oyster Yachts outlines strategic direction at London Private View
UK builder reveals new 50ft model in development and future plans at annual London event attended by IBI
News
Highfield adds dealers in US, Panama and Brazil
US RIB builder expands presence in North, Central and South America
News
Coursemaster Autopilots closes after more than 50 years
Supply chain pressures and component shortages bring to an end one of Australia’s longest-running marine technology manufacturers
News
Patrick Q1 net income up 3%
Marine segment up 14% in solid first quarter for US component manufacturer
News
Suzuki announces Fuel 1 collaboration
New partnership aims to distribute ethanol-free marine fuel through US Suzuki dealers
News
Brunswick announces 2026 global safety awards winners
Company recognises winners across manufacturing, engineering, distribution and, for the first time, Freedom Boat Club locations
News
Hull Vane signs MoU in Asia for stern-mounted hydrofoil
Dutch company partners with Malaysian shipbuilder Lunas to explore naval and government vessel applications in Asia-Pacific
News
Twin Disc Pacific appointed Spot Zero distributor for Pacific region
Marine Solutions Australia will serve as the first authorised dealership within the Twin Disc Pacific distribution network
News
Mediterranean Superyacht Forum highlights region’s dominance
Industry leaders gathered in Palma this week to examine global political shifts and new data showing the Med hosts nearly half the world’s superyacht fleet
News
AGOA renewal gains bipartisan support, but SA boat building benefits uncertain
South Africa’s eligibility for duty-free benefits is threatened by rising US diplomatic tensions
News
Singapore Yachting Festival concludes with record turnout and industry optimism
The festival, attended by IBI’s Asia and Middle East correspondent, reinforced Singapore’s role as a leading hub for the boating industry in Asia
News
Brunswick Q1 sales up across all segments for third consecutive year
World’s largest marine company exceeds analyst expectations in strong start to 2026 fiscal year
News
Mood index: EU business and consumer survey results for April
Economic sentiment, employment expectations plunge in EU and euro area
News
OneWater FQ2 revenue down, margins and debt reduction improve
Margin expansion driven by portfolio optimisation and cost management initiatives, says US boat retailer
News
Saudi Arabia issues new yacht rental licenses to enhance marine tourism
The Red Sea Authority has licensed three additional yacht rental operators, bringing the total to eight authorised companies under Vision 2030
News
Teakdecking Systems named official US distributor of MarineCork
The partnership expands access to sustainable, high-performance decking materials in the US marine market
News
Gulf Craft grows South-East Asia presence with new regional dealer
The appointment follows the UAE builder’s recognition as Best Asia Boat Builder at the Yacht Style Awards
News
UK brokerage moves to Swanwick Marina to support expansion
Rising demand for new boats and brokerage leads Dufour distributor to larger premises
News
Nimbus navigates Q1 sales decline with significant cash flow improvement
Operating cash flow improved by SEK 98m during the quarter, reflecting efforts to strengthen financial performance
News
Garmin posts record Q1 results
Revenue and operating income set new all-time highs as marine revenues grow by 11%
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